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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (49334)4/2/2002 10:51:28 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
two ultimate ongoing BUY signals for GOLD

1. near zero real rate of interest
(bond funds will exit credit market slowly
some will go to stocks, small amount into gold)

2. mining firms are buying gold from central bank sales
(unwinding their unwise forward hedges
the most laughable irony of all)

by the way, real rates remain near zero now
the longer they are near zero, the bigger the gold spike will be

in viewing the future, I expect three big waves
and three little legs within them
I think we have just finished the 1st leg of the 1st big wave

you better shape up, slackjaw
here is an assignment
find me a website with four silver futures prices
nearby month contract, and three prime qtrly future month contracts

that contango pattern is critical
in a year or two, when forward months are cheaper, then that is a top signal
it is called backwardation, or backwardized pattern
(akin to inverted yield curve)
as long as uptrend remains intact, it should be in contango
(rising price in each forward month)
/ jw sbg
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